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Search Results 0 to 49 of about 391 (some duplicates have been removed)
of the richehe from tax statistics in early 20th century we neverc saw as large share of national income going to the richest. one in 1,000 households as we did just before the great recession. their share of national income quadrupled over this period to the point where they were pulling down about 1 in $8 in our economy. one in 1,000 households pulling down about 1 in $8 in our economy before the great recession began. >> you set one to try to solve three mysteries. who done it, who created the circumstances and conditions for the creation of a winner take all economy. and your answer to that one sentence is? >> american politics did it far more than we could believed when we started this research. what government has done and not done and the politics that produced it really at the heart of the rise of an economy that has showered huge riches on the very, very, very well off. >> it's politics, stupid? >> exactly. >> and how did they do it? >> through organized combat is the ort answer. >> and why does they do it? >> because they could. because the ortransformation of the political organizat
have less than two months to steer clear of the fiscacliff-- the combination of tax hikes and government spending cuts scheduled to take affect in january. our market monitor this week says plan now for higher taxes soon, and higher interest rates eventually. duncan richardson is chief investment officer at eaton vance management. he joins us from that firm in boston. duncan, i take it you're a pessimist in regards to avoiding the fiscal cliff that we're going to go over? >> not really a pessimist. i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can ou
has paid much attention. but unless nothing is done before january 1st, we are going to see taxes rise on most people because that's the end of the payroll tax cut that president obama and congress agreed to. that also means that the end of the bush tax cuts, not only for people over $250,000 of income, but also everybody else who were to some extent, their taxes were also reduced by the bush tax cut. the alternative minimum tax, that also would kick in. there's no alternative to the alternative minimum tax on the table. so you have the typical family after january 1st seeing a tax hike in the range of $1500 to $3500 for the year 2013. now, i expect congress is going to do something, if it doesn't act before january 1st, it's probably going to act sometime in january and then make what they do retroactive to january 1st. >> all right. looking at the long-term and the short-term. we're going to know what those jobs numbers are tomorrow. great to see you, as always. thank you. >> thanks, thomas. >> so just to point out again, we are awaiting for live remarks from the president as he dise
with the increase taxes that we would see, do you reversed. as well as the deep defense cuts, which is something that would really impact the area dramatically. george mason and stephen fuller, one of the preeminent economists in our area said the defense cuts could cause a recession in virginia and almost double the unemployment numbers. bridget has been several -- rigid has been scary -- very successful in having a low unemployment rate. jobs is the number one priority. that is why we are very courageous that the numbers of supporters in for mitt romney this year. >> does your canada have to win the county to win virginia? guest: i don't know we have to, i expect we will. it was only a narrow margin that president obama won loudoun, the last time and it really was an aberration. virginia republicans have been winning loudoun county in 2009 when governor bob mcdonnell won this area, and then in 2010, of course our congressman frank wolfe, he is extremely popularhe is of course on the ticket this year. he always wins resoundingly. in 2011, we swept all of the state and local seats here in this y
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in why we still have those. >>> plus do you think the rich pay their fair share of taxes? what if we told you they're paying more than ever before? "the wall street journal" steve moore is here with all of the facts. >>> thanks but no thanks. new york city mayor bloomberg tells president obama, not to visit the big apple after the storm. i say thank goodness. but one of my guests says bloomberg is way out of bounds. he is here to disagree with me. even when they say it's not, it is always about money. melissa: first after a two-day hiatus, let's look at market headlines. wall street swung back into gear on the first day of trading since superstorm sandy. stocks were choppy throughout the session. they closed mixed throughout the day. dow closed down 10 points. home depot closed higher on the dow. expected demand of home and construction supplies sent shares up 2%. that makes sense. facebook shares tumbled 4%. a lockup expired on 229 million shares today. another 804 million shares will become unlocked on november 14th. >>> lots of damage to assess. the president just spoke after touring n
to nothiprognosticati melber, neera tanden, kate ton dawson. let's start with the tax plan. if there is something i believe mitt romney is invested in doing, it is the tax plan. he claims it is revenue neutral. >> you have to claim certain things. this goes for both sides. there is this thing called business cycle. this is what we study. in a free market economy, recessions and recoveries, upswings and down swings are part and parcel of the world we live in. when you look at how budgets are proposed, off of the congressional budget office projection. they are not that realistic. in 2014, 2015, 2016, they are projected real gdp growth of 4.4%. sounds pretty good. how realistic is it? if you take a look at reality, what's happened since the beginning of the century? gdp has grown at 1.7% and we know we are in a pretty sluggish economy. there is a huge disconnect between what's proposed and what's going on outside this window? >> that's the big deal. the claim is, i'm going to go in and cut taxes. don't worry, cutting taxes is going to be stimulative. we are going to end up with way more jobs and ther
giving as much time and space and not tax can the resources, president obama went to the head of the federal emergency management office for a bit of a status report. mr. romney does not enjoy that power of incumbency but every hour lost to sandy is precious time that neither of these campaigns can really afford to give up. ohio has been an obama advantage in the polls for many, many days. romney campaign say they have caught up. new poll out from ohio, consortium of newspapers that mr. romney's momentum is not an actual tie at 49-49 apiece. >> harris: carl cameron, literally from the road. once again we'll carry that event live in ohio with governor romney and paul ryan coming up. >> gregg: sit down and put on your seat belts. making me nervous. >> massive cover-up or incompetence? very strong words from senator john mccain on the administration's handling on the attack on the u.s. consulate in benghazi libya that killed four americans including our u.s. ambassador. mrz lawmaker calling for the immediate release of all surveillance video gathered during that deadly attack. na
of appearances. i'll tell you, the crowd behind me is getting excited, ashleigh, because air force one is taxing over towards us where president obama is going to be coming out shortly and making his remarks. yes, paul ryan has been an asset to governor romney. it's why some are saying the race here has been pretty tight, although there is a small lead, a consistent lead, for president obama. today we saw "wall street journ journal" nbc news poll, three points up the president is here in wisconsin. yesterday there was a poll in milwaukee, a marquette university poll that had the president up by much more, eight points. you talk to the obama campaign, they'll point to that marquette poll and they'll say it's more accurate. it seems likie internal polls ae in between the two. the bottom line, while he has a lead that is significant, you have to pay attention to it, it's not quite comfortable. that's why you're seeing president obama here today. we saw joe biden here last week. but paul ryan was here yesterday. mitt romney will be here tomorrow. bill clinton last night and this morning. there is a
companies from hiring right now because the uncertainty about tax treatment of assets, of investments and so forth. don't you along to congress more than you do the executive branch to try and get something done as far as job growth goes? >> well, that's what the president tried to do last fall by introducing the american jobs act. you're right. i think extremists in congress blocked the ability to get the economy going again through investment in infrastructure, roads, bridges, and schools. everybody knows that needs to be built. we just witnessed it in the northeast. so we think there needs to be a major investment in infrastructure so that we can compete globally. i think it's really important for corporations that it are sitting on $5 trillion of profits to get their investment bank into securing the middle class in this country. i trust that this president is going to make it happen. >> they're not going to do that, though, if they feel that, you know, their taxes are going to go higher, their health care expenses are going to go higher. the president has not been able to get the two si
the totally unimpeachbly nonpartisan and widely respected tax policy center did a report that concluded that mitt romney's tax plan would be great for rich people, and would hurt everybody else, the romney campaign's response to that was to go guns blazing against the nonpartisan tax policy center. just attacking them as an institutions. you don't like the message, shoot the messenger. last month after the bureau of labor statistics announced that the unemployment rate was going down, do you remember what the response was on the right? the right started attacking the bureau of labor statistics, as if they were the problem, because they said the unemployment rate was going down. it used to be that democrats and republicans would argue about how best to deal with some factual thing, some problem facing the nation. now, republicans do it differently. they do it differently than everybody else. this is not a mirror image problem on both sides. republicans do a specific thing. they refuse to acknowledge that a factual thing is a factual thing. and this phenomenon on the right, that we got so
. as governor, he tried to cut funding for public schools. in washington, allen voted to end tax deductions for college tuition. and now, a budget plan that devastates k-12 classrooms-- all to pay for even more tax breaks for the wealthy. seiu cope is responsible for the content of this ad. imillion dollars for maryland one hundred schools.ty... question seven will double it. rushern baker: question seven will add table games and... a new casino, generating millions of dollars... every year, without raising taxes. leggett: and audits will ensure the money goes... where it's supposed to. more jobs, and millions for schools. baker: question seven will be good for our kids... our teachers, and our schools. leggett: keep maryland money in maryland. baker: please vote for question seven. leggett: vote for question seven. >>> the coast guard says a woman who was rescued in the atlantic after abandoning a tall ship in rough water has died. the 42-year-old woman was unresponsive when the crew pulled her from the water off cape hatteras last night. they are still looking for the captain. the hms bou
to taxing gun owners for health care costs. >> the president's david axelrod betting his own mustache on a win in minnesota. he might not want to see the polls. ♪ [ female announcer ] introducing u the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. can you help me with something? nope! good talk. [ male announcer ] or free windows training when you buy a computer at staples. anotheway staples makes it easier to upgrade. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or
city in the east bay is trying to tax sodas to combat obesity. if the initiative passes it will be the first in the nation but not everyone thinks it's a good idea. cbs 5 reporter mike sugerman with reaction on the new controversial measure. mike. >>> reporter: well, allen, this coca-cola may as well have a bull's eye on it but it's not just coca-cola. some kinds of chocolate milk, orange juice, anything with add sugar or high fructose corn syrup. they want to tax it. >> reporter: a little red wagon carrying 40 pounds of sugar has captured national attention in richmond. >> 40 pounds is the amount of sugar that each of richmond's children take in just from sodas alone every year. >> reporter: richmond city council member jeff ritter man who is also a heart doctor is the heart and soul of measure n. it would tax businesses a penny an ounce of sugary drinks sold. it would be the first of its kind in the nation. >> a third of our latino and a third of our african-american students are obese and another 20% are overweight in each group. those young people are going to die yo
. and when he had his tax releases released, that showed that he was more generous than any of the other candidates, then obama himself. host: wanda, thank you. anyone else who wants to watch mitt romney, you can see him tonight on c-span. we will be airing his appearance and the romney-ryan tour in west chester, ohio at 7:30. you can catch up with about on c-span and c-span radio. i should note that obama will be holding a campaign rally in hillard, ohio at 10:20 this morning. a contest that on c-span and c- span radio. the paper today focusing on those swing states as we know -- the tribune -- the washington bureau notes that florida is a renewed focus in this election, at this point with polls now a dead heat. romney campaigned in florida, returned wednesday for rallies and tampa, miami and jacksonville. he is expected over the weekend to go back. for obama, victory in florida is a prize. for romney, it is a necessity. debates about whether romney can carry ohio or other midwestern battleground states become moot without a win here, experts say. the "new york times" focuses on pennsyl
the largest budget surplus ever in history. it's going to make it possible tor us to cut taxes for every hoosier. but jon, you just said we pay for things in indiana. but when you were speaker of the house, for five of the six years you were running the state house, indiana ran deficits. when mitch daniels came into power indiana was $700 million in debt and had a deficit of $820 million. facts are stubborn things and i'd like to knoll how are we going to make sure and preserve the fiscal integrity of the state of indiana. >> if you had spent the last 12 years here you'd know our budget has to be balanced. i produce balanced budget t and they were supported by our own lieutenant governor. i find it laughable that a united states congressman would lecture anybody about fiscal responsibility. you voted five times, congressman, you you voted and the results increased our deficit by $200 billion with a b dollars. >> find key house and governor races on c-span campaign 2012. >> an update on hurricane sandy coming up at about 2:30 eastern which up until then with an election a few days away a
about the electric sportscar funded with your tax dollars. >> remember the video of if is kerr karma going up in flames? there are reports hurricane sandy sparked fires in about 16 of the hybrid cars. they say they burned to the ground in new jersey after getting submerged in water. the auto maker says it is investigating. if if is kerr had a $25 million loan guarantee by the obama administration. >>> they have done more to help immigrants than americans. that is a report that will be given by the center fof immigration studies. 2 out of 3 million jobs went to legal and illegal immigrants. >>> hurricane sandy wiping out entire towns along the jersey shore. this is a look at the boardwalk in atlantic city. look at the before and the after. after sandy hit and before. many people at a loss for words of what was done to their homes and now they must rebuild along the jersey shore. at least 50 feet of the historic boardwalk taken out initially. jennifer davis is live with a look at the damage done there. >> good morning to you. it very much feels like there's a state of emergency in new
new level last week when it was revealed that a nonpartisan tax report was withdrawn by a federal agency because republicans protested its findings. the federal agency in question here is the congressional resource service. they're kind of the gold standard. congress's internal think tank. members of congress have a question about policy or issue, they look into it for them and they issue a report in response to a member of congress asking for that report. the congressional research service is as nonpa parpartisan gets in washington. and a little more than a month ago, they issued a report on tax policy. they found there is no connection between lowering the tax rates on millionaires and billionaires and creating economic growth. there's no evidence that if you cut taxes on the rich that that makes the economy grow. that's a problem because that is essentially mitt romney's whole reason for living. this is the republican party's economic reason for existing. if you cut taxes on the rich, the job creators, that will jump start the economy. this is the whole basis of the party' econ
in stafford county. manhunt underway for a man making pipe bombs and using them in a tax. lauren spierer accused of three peoplee attacks against with close ties to law- enforcement. brianne carter is live in latest on thethe search. using a pipe bombs in .ttacks >> authorities are still aggressively searching for the virginia state alert for thean they believe is armed dangerous. a multistate man want is ongoing old, nowr the 25-year- charges after out of three pipe bomb attacks. >> of violent crime like that, never had that around here. it's early tuesday morning april pipe bomb into a fredericksburg home, blowing a hole in the rules. the alleged crime spree continued in stafford where he bombed two more homes. investigators believed two of incidents target in stafford county , virginia state issued a blue alert, a suspect targeting law-enforcement. >> this guy is extremely dangerous. we believe he has explosive devices and is traveling with. >> this man lives down the from one of the targeted homes. >> i heard a loud bang while i was sleeping and it woke me up. >> on a website belongi
drink debate. >>> new at 10:00, voters will decide whether to tax residents on soda and other sugary drivens. noelle walker is live where the debate is between your waste line and your bottom line. >> reporter: the no on measure n are paying for billboards popping up all over the city. tonight the no on measure n people are trying to convince voters that a yes vote would be bet every for their health. sodas and fruit drinks are popular, accessible and relatively cheap. if measure n passes drinks would cost a penny more an ounce. >> init's a regressive tax that hurts the people that can least afford it. >> reporter: taás one of the arguments the coalition against the beverage tax is making the group spent $2.5 million to put up billboards and hire san francisco media firm, chuck finnie is their spokesperson. >> it's going to result for higher grocery bills whether or not they drink soda. >> reporter: without billboards the yes on measure n people are relying on town hall meetings like this one tonight, word of mouth and information on the impact on health because of sugary drinks. th
it without massive tax increases. in a way that helped the people of the state create more jobs. he did it with overwhelmingly in a state where democrats controlled the legislature. he brought people together. he can do exactly what the president promised he would do four years ago and has failed to do on the economy and bringing people together. mitt romney can do it. he's done it in the private sector and as a chief executive at the state level. he can do it for america. and i think in wisconsin, iowa, ohio, we respect that and we want that from our leader. >> and one last quick one. i'm not going to ask you about ohio. everybody does and i'm not. i want to though about iowa. rasmussen likely voters today. romney 49, obama 48. i don't think the republicans have carried iowa since 1492. can you actually win in iowa? this could be huge. >> i think so. i just -- on a person a note, i was born in colorado springs, i lived in iowa until i was in third grade and spent the rest of my life in the great state of wisconsin. i lived in now 00 third of all the battleground states in america. and
's a forcing mechanism. the bush tax cuts end at end of the year. we have the sequester looming. that wouldn't be the right way to do thing, takes a machete to something as opposed to a scalpel. after the election both democrats and republicans say this is something the country wants to solve. if i've won, then i believe that's a mandate for doing it in a balanced way. >> congresscomwoman if the president wins will they have to budge to raise taxes for the super wealthy to take care the debt? >> i think it's interesting to listen to his comments. basically the president's ideas on how to deal with an economy are an empty binder, if you will. we have brought forward item after item and suggestion after suggestion and bill after bill. we've passed bipartisan legislation in the house, and the senate won't take it up. what we need to do is make certain that we extend the bush tax cuts. we also want to go about closing some of the loopholes and primarily we have to cut federal spending. federal spending is completely out of control and making some cuts into this baseline so that you're actually r
, perhaps, in damages. that's an extreme weather tax that's going to have to be paid rather than trying to avoid the worst consequences, which would be a much better pathway. >> there are other politicians who have brought this up. let me play a couple clips from the last few days. >> anyone who says there's not a dramatic change in weather patterns i think is denying reality. i would like to say that this is probably the last occurrence we will have. i don't believe that. >> what is clear is that the storms that we've experienced in the last year or so around this country and around the world are much more severe than before. >> so if this is just the start, if it's going to be more of the same, what is your priority short term, and what do we need to be looking at long term? >> well, the american people, they're concerned about mother nature. the republicans, mitt romney, they're concerned about the oil companies that are largely fueling the independent expenditures which are going into this presidential race. this frames the election on tuesday very well. on the one hand, mitt romne
in sharp relief. on one hand, tax cuts for the wealthiest. on the other hand, disaster relief for you and your family when you need it. very clear. i want to tell you that my heart goes out to the people in new york and up and down the atlantic seaboard. i don't doubt that the republicans care about our fellow americans too. but it's not just a matter of private charity. government has to be a part of this. government has to play an important role, and i think that this is a decision point. you know because people might say it's not right to make politics out of this, but let's face it, we're making a political decision in a few days and this is exhibit-a in which way this should go in my mind. >> eliot: it's about the debate in the role of government. >> right. >> eliot: this is what we should be doing, in context of this that frames what the are. as you pointed out private charity cannot deal with the enormous arm of suffering nor can charity build the infrastructure that we need to prevent it, whether it's a levy or subway system, and the republicans will be cutting left right and
voted to end tax deductions for college tuition. and now, a budget plan that devastates k-12 classrooms-- all to pay for even more tax breaks for the wealthy. seiu cope is responsible for the content of this ad. >>> the jersey shore is another hard hit area. water flooded homes, businesses, streets, everything up there. nbc's danielle leigh is about 100 miles south of there at cape may. daniel danielle, what's it looking like there now? >> reporter: right now all of those rains i was standing in yesterday have been replaced by heavy, heavy winds. we are getting tossed around out here. when we were inside our hotel, it sounded as if we were going to lose some windows. sounded like banging and claterring around. if you take a look, all the boards have held. that's a lot better than other communities can stay. parts under water. when you take a look at this video of damage across the new jersey coast, we're talking about streets under water, downed power lines, downed trees. and this is just the damage we've been able to get a look at. when the sun rises, we'll be able to get a sense of th
no new taxes, no matter what. but most importantly, when people say president obama had the first two years and everything, the most important thing he had was the filibuster used against him more times on this president than any other president in history. but i still believe, after all those obstacles, we still are moving forward, and there's no way we want to start all over and go back. host: leroy, thanks for the call. the lead story in this morning's "new york times," consumers push economic output to a gain of 2%, better than expected. housing recovery and defense orders also fueled the third quarter. host: back to the phones. rebecca is calling us from cincinnati this morning. she's on our line for republicans. she's optimistic. go ahead, rebecca. caller: yes. the season will grow due to the fact that i heard over a month ago that wal-mart for christmas would be training in october 50,000 people, 40,000 for kohl's, and all the other stores take into consideration. this is just a temporary 2%. my problem is this. this president had nothing -- i don't care about race, color, or c
, to tracking sales and expenses, quickbooks can help you manage... every detail of your business. and at tax time, all your records... will be automatically organized and ready to go, saving you time on prep work. quickbooks, guaranteed easy or your money back. learn more and get your free 30-day trial today... at tryquickbooksfree.com. >>> how did "the des moines register" rewrite its endorsement of a obama presidency four years ago into an endorsement of a romney presidency now? by magical thinking. by adopting mitt romney's magical thinking. after saying, quote, the president's best efforts to resuscitate the stumbling economy have fallen short, the editorial then says that the problem with the economy is the consumers have to feel more confident. and without giving a single shred of evidence as to why consumers would feel more confident with a romney presidency, the editorial board simply believes it will happen. that's it. it will happen like magic. consumers must feel more confident about their own economic futures to begin spending on the products and services that power the economy.
's willing to raise taxes on the wealthy. and to reduce the military budget down to the level that the -- that the military has requested to pay for it. so this is a very serious matter. as i spent much of my volunteer time working with disabled veterans. in fact, i'm a disabled veteran myself. not very disabled but i have that classification. i intend to devote about half my time working with them and i'm very worried about the budget. >> eliot: sir, i say thank you for what you do, not because you're endorsing president barack obama. regardless of partisanship, what you do. you deserve the public's thanks for it. wrapped up in your answer were a multitude of reasons to support the president. one of them was interesting, you are a supporter of the military said you know what? mitt romney wants to increase defense spending almost without limit. and yet the president is willing to make the hard but smart decisions based upon what the military needs. that seems to go to a fundamental decision, explain that a
of americans. his companies shipped jobs overseas. his plan cuts millionaires' taxes, but raises yours. he'll voucherize medicare... and make catastrophic cuts to education. so remember what romney said... and what his plan would do. president obama: i'm barack obama and... i approve this message. >>> welcome back to our live team coverage now of hurricane sandy. one of the biggest threats from this storm is the strong wind. which has taken down trees all over the place. the winds are gusting and they're expected to pick up in the d.c. area into this evening. >> news4's jackie bensen is live in mclean, virginia, where another tree fell on the house while the family was inside. are they okay there, jackie? >> reporter: they are okay. but it fell during a play date. so the homeowners had a bunch of kids in the house. always a disturbing experience. luckily, we have video to show you, their neighbors came to the rescue, and actually with no heavy equipment except somebody hooked up a pickup truck they managed to pull the tree off the house. they did have the slate shingles and stuff like that
Search Results 0 to 49 of about 391 (some duplicates have been removed)